May 2023 - San Diego Market

George Lorimer
Tuesday, May 16, 2023
May 2023 - San Diego Market

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The average sales price for single-family, re-sale homes fell 7.3% from March. It was down 4.3% year-over-year. The median sales price for single-family, re-sale homes rose 2% from March. It was down 5.1% year-over-year.

Sales of single-family, re-sale homes in San Diego County were down 37.3% year-over-year. That’s seventeen months in a row home sales have been lower than the year before. There were 1,288 homes sold last month. The average since January 2001 is 1,990. There are 1,720 homes for sale. 1,291 homes are pending. 

Days on Market, or how long it took from when a home was listed for sale to when it went into escrow, was thirty-three last month. The average since January 2001 is fifty-seven days. The SP/LP ratio was 100.2% last month.

The median sales price for re-sale condos was down 2.7% year-over-year. The average sales price for condos was down 4.8% year-over-year.

Condo sales were down 33% compared to last February. There were 706 condos sold last month. There are 781 condos for sale. The sales price to list price ratio for condos was 100.7%.

If you want to know what’s happening in your neighborhood, visit my online report and click on Recent Sales & Listings. That will tell you what is for sale and what has sold. Provided by https://lorimer.rereport.com/market_reports
 


 


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